In the Classical view, inflation is the result of
A) excessive monetary growth.
B) speculation.
C) government spending.
D) natural disasters.
A
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The figure below shows the supply and demand curves for oranges in Smallville. 
At a price of $4 per pound there will be an excess ________ of ________ pounds of oranges per day.
A. demand; 20 B. supply; 20 C. demand; 30 D. supply; 10
Jeremiah spends all of his income on oranges and cookies, which are normal goods. If Jeremiah's income decreases, he will buy ________ oranges and ________ cookies
His marginal utility from oranges will ________ and his marginal utility from cookies will ________. A) fewer; fewer; decrease; increase B) more; more; decrease; decrease C) the same quantity of; fewer; remain constant; decrease D) fewer; fewer; increase; increase
An adverse supply shock would shift: a. only the short-run aggregate supply curve outward
b. only the long-run aggregate supply curve outward. c. only the long-run aggregate supply curve inward. d. only the short-run aggregate supply curve inward. e. both the long-run and the short-run aggregate supply curves inward.
A manufacturer of light bulbs sells its products to retail stores and requires the stores to sell the bulbs to customers for $2 per bulb. This practice is known as tying
a. True b. False Indicate whether the statement is true or false